Founded in 1982, California Capital Financial Development Corporation has been an invaluable resource to small businesses for 40 years. The organization’s services encompass more than two dozen impactful programs that include business training, workshops, webinars, counseling and technical assistance, as well as a full range of access to capital programs allowing for microloans up to $150,000 and guaranteed loans up to $20 million.
“Making intentional investments in diverse small businesses continues to be our focus. California Capital plays a critical role in helping stabilize and grow our regional economy.”
-Kären Woodruff, Vice President of Social Impact, Wells Fargo
In January, Sacramento Valley Small Business Development Center (SBDC), providing a full scope of business development services to new and existing businesses in the Sacramento region, including Sacramento, Yolo, Yuba and Sutter counties. The SBDC complements the success and positive impacts California Capital’s Women’s Business Center, Procurement Technical Assistance Center and Access to Capital programs already have on the region’s small and microenterprise businesses.
“We are honored to be designated as an SBDC host by the U.S. Small Business Administration,” says Deborah Lowe Muramoto, president and CEO. “We are also pleased to introduce SiewYee Lee-Alix as director of the Sacramento Valley SBDC. Mrs. Lee-Alix brings the leadership qualities and experience to expand and develop programs that enhance our continuum of services, as well as that of the NorCal Small Business Development Center network of SBDCs.”
Through a Wells Fargo Open for Business grant, California Capital has helped finance businesses making an impact in local communities. Stepping Stone Auto Sales owner Josephine Odom secured capital in 2021 to increase her inventory of used cars and move to a location with more visibility and traffic. With more working capital, she is keeping her community mobile.
Another example is Jacqueline Foster, a chef who founded Taste Buds BBQ with her husband and applied for financing to hire staff ahead of their grand opening. With California Capital’s assistance, the Fosters are building momentum for their business and will open soon.
Looking ahead, Lowe Muramoto says, “We will continue to expand programs and services to reach small and microenterprise businesses with the support, resources and access to capital to foster the resiliency needed to cope with the long-term impacts of the COVID-19 pandemic.”
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